The (crude oil) price settled high in its last intraday trading, supported by its trading above EMA50, providing positive momentum for the attempt to breach a minor bearish trend line on the short-term basis, accompanied by its attempt to breach the critical resistance level at $66.55.

There are cautious signals appearing in the technical scene, where the (RSI) began forming negative overlapping signals after reaching overbought levels, which might limit the ability of the price to resume its gains on the short-term term basis unless confirming breaching this resistance.

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Weekly performance report available here: Signals Performance Week of July 2125, 2025